Skipton Intermediaries has launched a new range of intermediary-only products for purchase and remortgage.
The five-year fixed rate range provides an attractive offer for clients looking to fix their payments for an extended period and includes products to 60, 80, 85 and 90 per cent loan-to-value, with rates starting from 2.49 per cent.
Brokers making use of any of these products will also have access to a preferential underwriting service and the ability to extend client offers for up to 12 months on a six plus six basis.
The products also offer free valuations, no completion fees and free standard legal fees for both purchase and remortgage customers.
The lender did note that there may be some additional legal costs payable where the remortgage is more than £1m, while a free standard valuation is available on properties valued up to £1.5m.
Paul Darwin, Skipton’s director of intermediary relationships, also pointed out that if a Homebuyers Report or Buildings Survey is required, then the additional cost associated with these reports will incurred by the customer.
Mr Darwin said: “We spend a great deal of time talking with and listening to brokers, and it’s thanks to their feedback that we’ve been able to devise these great products and continue to support our broker partners.”
Dale Jannels, managing director of All Types of Mortgages, said keeping costs to a minimum when changing a mortgage is a huge attraction to any customer.
He said: “To have free valuations, free legals on remortgages and no lender completion fee on a long-term fixed rate is a great offering. I suspect these products will be popular.”
peter.walker@ft.com
